Naira maintains gain at official window as oil prices inch close to $70

Thursday, 29th April 2021: The exchange rate between the naira and the US dollar closed at N411/$1 at the Importers and Exporters window. Naira appreciated on Thursday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411 to a dollar. This represents a 25 kobo gain when compared to the N411.25/$1 that […]

Naira appreciates at official window despite 30.7% drop in dollar supply

Wednesday, 28th April 2021: The exchange rate between the naira and the US dollar closed at N411.25/$1 at the Importers and Exporters window. Naira appreciated on Wednesday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411.25 to a dollar. This represents a 42 kobo gain when compared to the N411.67/$1 that

Naira appreciates at official window despite 30.7% drop in dollar supplyRead More »

Naira falls to N411.67/$ at NAFEX. CBN moves to further boost diaspora remittances

Naira depreciated on Tuesday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411.67 to a dollar. Tuesday, 27th April 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the Importers and Exporters window. Naira depreciated on Tuesday, at the Nigerian Autonomous Foreign Exchange (NAFEX)

Naira falls to N411.67/$ at NAFEX. CBN moves to further boost diaspora remittancesRead More »

Exchange rate remains flat across FX markets. Bitcoin rebounds, up by over 7%

Monday, 26th April 2021: The exchange rate between the naira and the US dollar closed at N410/$1 in the Importers and Exporters window. Naira remained stable on Monday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N410 to a dollar, the same rate that was recorded on Friday, 23rd April 2021.

Exchange rate remains flat across FX markets. Bitcoin rebounds, up by over 7%Read More »

Naira remains stable across FX markets. Nigerians continue to accumulate dollars to protect wealth

Friday, 23rd April 2021: The exchange rate between the naira and the US dollar closed at N410/$1 in the Importers and Exporters window. Naira maintained stability on Friday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N410 to a dollar, the same rate that was recorded on Thursday, 22nd April 2021.

Naira remains stable across FX markets. Nigerians continue to accumulate dollars to protect wealthRead More »

Naira gains at NAFEX window despite low FX supply

Wednesday, 21st April 2021: The exchange rate between the naira and the US dollar closed at N410 to a dollar at the Importers and Exporters window, where forex is traded officially. Nigeria’s exchange rate appreciated against the US dollar on Wednesday to close at N410/$1. This represents a 0.16% gain compared to N410.67/$1 recorded on

Naira gains at NAFEX window despite low FX supplyRead More »

Naira declines against USD as external reserves plunges

Tuesday, 20th April 2021: The exchange rate between the naira and the US dollar closed at N410.67/$1 at the investors and exporters window, where forex is traded officially. Naira depreciated against the US dollar to close at N410.67 to a dollar on Tuesday, 20th April 2021. This represents a 0.08% decline when compared to N410.33/$1

Naira declines against USD as external reserves plungesRead More »

Naira falls to N411/$1 at NAFEX window. Bitcoin slumps 15% to trade at $56,377.84.

Friday, 16th April 2021, the exchange rate between the naira and the US dollar closed at N411/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated against the US dollar on Friday 16th April 2021 to close at N411 to a dollar. This represents a 0.12% fall compared to N410.5/$1 recorded

Naira falls to N411/$1 at NAFEX window. Bitcoin slumps 15% to trade at $56,377.84.Read More »

Naira maintains stability across the FX market as dollar supply improves significantly by 430%

Naira remained stable against the US Dollar at the NAFEX window on Thursday to close at N410.50/$1. Thursday, 15th April 2021: The exchange rate between Naira and the US Dollar closed at N410.50/1$ in the Importers and Exporters window, where forex is traded officially. Naira remained stable against the US Dollar at the NAFEX window on

Naira maintains stability across the FX market as dollar supply improves significantly by 430%Read More »

Naira gains some value following CBN’s FX sale to foreign investors

Wednesday,14th April 2021: The exchange rate between Naira and the US Dollar closed at N410.50/1$ in the Importers and Exporters window, where forex is traded officially. Naira appreciated against the US Dollar at the NAFEX window on Wednesday to close at N410.50/$1. This represents a 0.12% gain when compared to N411/$1 recorded on Tuesday, as the

Naira gains some value following CBN’s FX sale to foreign investorsRead More »